Apple (AAPL) Offering Possible 26.58% Return Over the Next 8 Calendar Days

Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $133.00 short call and a strike $138.00 long call offers a potential 26.58% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $133.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock rose above the $138.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Apple is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Apple is bearish.

The RSI indicator is at 65.48 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

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LATEST NEWS for Apple

iPhones could soon be charged by just touching Apple Mac computers, patents suggest
Wed, 06 Jan 2021 10:36:58 +0000
Future Macs could be able to charge up iPhones and Apple Watches by touching them, according to new patents. The technology would allow for the lid, palm rest or trackpad of a MacBook to be used as a wireless charger for other devices, and is described in newly granted patents that were first spotted by Patently Apple. Other companies have produced similar reverse wireless charging technology, where a device does not take in power from the wall but instead passes it on to another – usually smaller – product.

Georgia Elections, Alibaba, China, Trump, Apple – 5 Things You Must Know Wednesday
Wed, 06 Jan 2021 10:27:00 +0000
Stock futures are mixed as investors bet Democrats could win the U.S. Senate and as U.S.-China tensions escalate; Alibaba reportedly plans a $5 billion bond sale; the NYSE could again reverse course on Chinese telco delistings.

Dow Jones Futures Fall, While Tech Futures Sell Off Amid Georgia Senate Vote Results
Wed, 06 Jan 2021 05:15:28 +0000
Dow Jones futures were lower early Wednesday Tuesday, as they eyed the Georgia Senate runoff vote. Apple snapped back, while JD surged past a new buy point.

Microsoft Backs Development of Smart Cane for Visually Impaired
Wed, 06 Jan 2021 05:01:00 +0000
(Bloomberg) — Jean Marc Feghali has Leber’s Congenital Amaurosis, a disease that reduces his peripheral vision and renders him effectively blind at night. But the intelligent walking cane he’s helping to develop has been life-changing, he says. It’s also won support from Microsoft Corp.“We’ve come to a world where we talk about autonomous vehicles and yet we’re still sending visually impaired people out with what is essentially a stick,” Feghali said. “It doesn’t take you anywhere. It doesn’t take you to a coffee shop. It doesn’t help you seek employment. It’s just a stick.”London-based startup WeWalk — where Feghali, 24, is head of research and development — wants to change that with its $599 “smart cane.” It pairs with smartphones and uses ultrasonic object detection to spot hazards such as steps and parked cars, as well as objects at waist height like tree branches.It also features wireless networking, turn-by-turn GPS navigation, taxi-booking and public transit directions in dozens of cities. The device even has a voice assistant. Feghali, who’s also working on a doctorate in philosophy at Imperial College, said he believes it’s a long-overdue answer to a problem that affects millions of people worldwide.The U.K.’s Royal National Institute of Blind People says more than 2 million people live with sight loss in Britain, of which about 350,000 were registered as either blind or partially sighted as of 2017. The American Foundation for the Blind says more than 32 million American adults reported experiencing vision loss in 2018.Both organizations campaign for the use of technology to make workplaces, schools and transport networks more accessible to individuals with little or no sight. Tech firms such as Apple Inc., Alphabet Inc.’s Google and Amazon.com Inc. also promote accessibility features on products like the Apple Watch and virtual assistants such as Alexa for users with sight loss.Feghali said the company’s goal is to create a product that blends key elements of devices like the FitBit or Apple Watch with hardware that’s specifically built for people with limited or no vision.A number of WeWalk’s 20 employees are visually impaired, including Feghali and Co-Founder Kursat Ceylan. “I see through a small tunnel, which is darker than typical sight,” Feghali said. “It’s quite sharp, but narrow, and at night it’s basically complete blindness.”WeWalk secured initial financing via a crowdfunding campaign in 2018 and joined Microsoft’s AI for Accessibility program at the end of 2020. Feghali said he and his colleagues were particularly interested in using the U.S. tech company’s Azure cloud platform for analyzing movement data of individuals collected by its cane.“We can detect when they might be having a bad journey, or we see anomalous mobility patterns,” he said. “So apart from the personal benefit to the visually impaired person, where you can actually have a way to diagnose your own mobility characteristics, we can now feed back to health-care professionals and mobility trainers who work with visually impaired people.”But at close to $600, the product is about ten times more expensive than a conventional white cane. It also requires a smartphone to make the most of its features and the company’s free mobile app, which could put it out of reach for many people.Feghali said WeWalk is working with governments, charities, health-care providers and more recently at least one U.K. mobile-phone network to create subsidized packages to help users afford the canes, similar to how the costs of guide dogs are often reduced.“The standard white cane really is fantastic, but it’s kind of from the Stone Age,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Apple Says Compliance With Company ‘Values' Will Impact Executive Cash Bonuses Starting 2021
Wed, 06 Jan 2021 03:03:11 +0000
Apple Inc (NASDAQ: AAPL) informed the U.S. Securities and Exchange Commission in a proxy filing on Tuesday that, starting 2021, it will modify cash incentive for executives to incorporate “Apple values” and community initiatives.What Happened: Apple said that the values span environmental, social, and governance fields and the change has been made to “further motivate Apple's executive team to meet exceptionally high standards of values-driven leadership in addition to delivering strong financial results.”No changes are planned on the level of rewards or the threshold of performance requirements and goals, as per the Tim Cook-led company.Apple said that its compensation committee will use the modifier to establish an increase or decrease in bonus payments by up to 10% based on the performance of executives with respect to Apple's values and key community initiatives during the year.Why It Matters: The consumer electronics giant pointed to the new modifier while recommending to vote against a shareholder proposal to reduce executive pay to the median employee pay at Apple, reported Reuters.See Also: Apple Plans To Go Carbon Neutral Across Supply Chain, Products Within A DecadeCook's 2021 compensation will include a long-term equity award, for the first time since he was promoted to the chief executive's post.”This award will better align the structure of his time-based and performance-based equity incentives with the awards of our other named executive officers,” the company said.Cook's 2020 salary of $14.8 million is 256 times greater than the median Apple pay of $57,783, noted Reuters. In September, Cook was given his first-ever stock grant, worth over $114 million.Price Action: Apple shares closed nearly 1.2% higher on Tuesday at $131.01 and fell 0.27% in the after-hours trading.See more from Benzinga * Click here for options trades from Benzinga * Apple Supplier Foxconn Confirms It Will Make Electric Vehicles With Chinese Startup Byton * Twitter Acquires Podcast App Breaker To Bolster Voice-Based Social Media Product(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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